Birdwatch Note Rating
2024-04-26 15:24:37 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 8BB9636075F0DD4AB310EFB39334F8300869EE6D3B3F1AA9EB523204951B23AC
Participant Details
Original Note:
The UK Treasury has been freezing the Personal Tax Allowance last year and this. Because inflation grows, in real terms the PTA is falling. That’s a tax rise commonly known as fiscal drag. It cancels out much of the National Insurance Cut. Explained here: https://researchbriefings.files.parliament.uk/documents/CBP-9687/CBP-9687.pdf
All Note Details